JD.com (JD) Research & Development (2013 - 2026)
JD.com's Research & Development came in at -$1.08 billion for Q2 2026, compared with -$740 million a year earlier.
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Analysis
JD.com (JD) Research & Development (2013 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, JD.com reported Research & Development of -$3.82 billion; for FY2025, it was -$3.18 billion.
- Going back by year, Research & Development was -$2.33 billion in FY2024, -$2.31 billion in FY2023, -$2.45 billion in FY2022 and -$2.56 billion in FY2021.
- The Q2 2026 figure represents the lowest quarterly Research & Development in data going back to Q4 2018.
- Business Quant data shows JD's Research & Development at -$995 million (Q1 2026), -$953 million (Q4 2025) and -$793 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,583.91 Bn | 2,583.91 Bn | - | - |
| 2 | Home Depot | 327.32 Bn | 320.57 Bn | 16.12 Bn | - |
| 3 | Tjx Companies | 155.16 Bn | 132.70 Bn | 5.07 Bn | - |
| 4 | Lowes Companies | 116.41 Bn | 109.37 Bn | 8.58 Bn | - |
| 5 | O Reilly Automotive | 72.96 Bn | 72.96 Bn | 2.68 Bn | - |
| 6 | Ross Stores | 72.59 Bn | 55.51 Bn | 2.12 Bn | - |
| 7 | Target | 69.63 Bn | 64.22 Bn | 8.94 Bn | - |
| 8 | Autozone | 52.04 Bn | 50.89 Bn | 3.52 Bn | - |
| 9 | Carvana | 49.71 Bn | 39.29 Bn | 1.52 Bn | - |
| 10 | JD.com | 36.48 Bn | -83.72 Bn | 8.74 Bn | 1.08 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.08 Bn |
| Mar 31, 2026 | 995.00 Mn |
| Dec 31, 2025 | 953.00 Mn |
| Sep 30, 2025 | 793.00 Mn |
| Jun 30, 2025 | 740.00 Mn |
| Mar 31, 2025 | 637.00 Mn |
| Dec 31, 2024 | 601.00 Mn |
| Sep 30, 2024 | 626.00 Mn |
| Jun 30, 2024 | 580.00 Mn |
| Mar 31, 2024 | 559.00 Mn |
| Dec 31, 2023 | 611.00 Mn |
| Sep 30, 2023 | 520.00 Mn |
| Jun 30, 2023 | 562.00 Mn |
| Mar 31, 2023 | 610.00 Mn |
| Dec 31, 2022 | 633.00 Mn |
| Sep 30, 2022 | 579.00 Mn |
| Jun 30, 2022 | 601.00 Mn |
| Mar 31, 2022 | 692.00 Mn |
| Dec 31, 2021 | 644.18 Mn |
| Sep 30, 2021 | 621.41 Mn |
API Access
JD.com Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=JD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "JD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=JD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();